2023-03-31-accounts

				INDEX TO THE	INDEX TO THE
			FINANCIAL STATEMENTS
				FORTHE YEAR ENDED
				31	MARCH 2023
							Page
Charity Reference and Administrative				Details
Trustees Annual	Report (Including		Director's		Report and Strategic Report)		2-8
Audit Report							9-12
Statement ofFinancial Activities		(Including			Income and Expenditure	Account)	13
Balance Sheet							14
Statement ofCashflows							15
Notes to the Accounts							16-23
Detailed Income	&Expenditure						24

Rod Moore	(Chair)	Maureen Dover	(Appointed	4July 2022)
David Pollard	(Treasurer)	Sarah Oldman	(Appointed	13April 2022)
Nigel Oldman		Malcolm Pell	(Appointed	13April 2022)
Deborah Lockton		Guy Dalby	(Co-opted	20 January 2023)

commod	ated during the year
12	Moved into their own tenancies
3	Moved back to family
3	Moved in with fiiends or partner
22	Abandoned their bed space or were evicted
3	Were supported to find other accommodation	due to age/pregnancy
2	Moved to take up university courses and related accommodation
54	Internal transfers
42	Sfill residing at the Project

			2023	2023	2023	2023	2022
				Unrostrtcted
			Unrestricted	~Desi noted	Restrtcted		Total
		Note	Fundsf	Funds	Funds 5	Funds g	Funds
Income and	endowments
Voluntary	income		7,700		105,250	112,950	19,816
Charitable	activities		1,340,584			1,340,584	1,052,314
Investment	income		38			38	I
Other			1,643			1,643
Total Income and endowments			1@49,965		105,250	1,455/15	1,072,131
Expenditure	on:
Raising funds
Charitable	activities		1,234,093		105,250	1,339,343	1,034,127
Other
Total expenditure			1,234,093		105i250	1,339@43	1,034,127
Net income	(deficit)		115,872			115,872	38,004
Transfer between funds			364,565	(364,565)
Net movements in funds			480,437	(364,565)		115,872	38,004
Reconciliation offunds:
Total funds	brought	forward	133,217	853479		986,496	948,492
Total funds	carried forward		613,654	488,714		1,102@68	986,496

			2023			2022
	Note
FIXEDASSETS	12			1,366,742			1,363,588
CURRENT ASSETS
Debtors hi:prepayments		113,657			76,283
Cash at bank		182,959			92,046
Cash in hand		300			713
		296,916			169,042
CURRENT LIABILITIES
Creditors	14	85,262			56,959
		85,262			56,959
TOTAL ASSETS	LESSCURRENT LIABILITIES			211,654			112,083
Creditors: amounts	falling due atter one year	15		(476,028)			(489,175)
NET ASSETS				1 102 68			996496
FUNDS
Unrestricted	17			613,654			133,217
Designated	17			488,714			853,279
Restricted	17
				1292eo			986,496

			2023	2022I
Cash flow from operating	activities		115,872	38,004
Depreciation oftangible fixed		assets	2,448	5,232
flncreasc)/decrease in debtors			(37,374)	(19,333)
Increase/(decrease) in creditors			35,017	18,732
Bank interest received			(38)	(I)
Bank interest paid			26,895	19,963
Net cash flow from operating		activities	142,820	62,597
Cash flow from investing	activities
Purchase oftangible fixed	assets		(5,602)
Interest received			38
Net cash flow from investing		activities	(5,564)
Cash flow from financing	activities
Receipts &om issue ofnew	long term loans
Repayment oflong term loans			(19,861)	(18,918)
Interest paid			(26,895)	(19,963)
Net cash flow from financing		activities	(46,756)	(38,881)
Net increase / (decrease) in cash and cash equivalents			90,500	23,717
Cash and cash equivalents	at	1Aprfl 2022	92,759	69,042
Cash and cash equivalents	at	31March 2023	183,259	92,759
Cash and cash equivalents	consists of:
Cash at bank and in hand			183,259	92,759
Cash and cash equivalents	at31March 2023		183,259	92,759

2	Voluntary income			2023	2022
	Job Retention Scheme		Restricted		3,430
	Landlsid Refurbishment	Grant	Restricted	105,250
	Other grants		Unrestricted		9,970
	Sundry donations		Unrestricted	3,073	701
	Miscellaneous		Unresnicted	4,627	5,715
				112,950	19,816

	(2022:K3,4	30).	30).
3	Charitable	activities income		2023	2022
	Housing benefits / rents		/ commissioning	1,340,584	1,052,314
				1,340,584	1,052,314

	Income &om charita	b	le	activities was f,1,344,346(2022:f.1,052,314)	. All unrestricte	d
4	Investment income				2023	2022
	Bank interest received				38	1
	Investment income	was 638(2022:Kl). All ofthese were unrestricted.
5	Charitable activities		expenditure
	Provide supported	housing			2023	2022
	Activities undertaken			directly	614,375	383,308
	Support costs				724,968	650,819
					1,339,343	1,034,127
	E1,234,093(2022:K1,030,697)ofthe above costs were related to unresnicted funds.
	f.105450(2022:63,430)ofthese costs were related to restricted funds.
6	Allocation ofsupport			costs	Provide ~drt d	Provide ~dt d
					~Housin	~Housin
					2023	2022
	Governance				33,167	29,044
	Travelling				2,476	2,898
	Telephone				12,172	10,656
	Salaries for resident		support		648,784	583,026
	Mortgage interest				25,921	19,963
	Depreciation				2,448	5,232
					724,968	650,819

7	Governance Costs							2023	2022
	Advertising							709	1,682
	Audit / Independent		examiner's	fees				5,244	3,600
	Professional fees							26,448	23,126
	Bank charges							766	636
								33,167	29,044
8	Trustees Expenses
	There were no trustees expenses during the year. (2022:XNil)
9	Net Income							2023	2022
	This is stated aSer charging:
	Audit / Independent	examiner's		fees				4,200	3,600
10	Wages and Salaries							2023	2022
	Wages dt salaries							604,261	544,176
	Social security							44,523	38,850
								648,784	583,026
					2023	2023		2022	2022
						Full	time		Full time
				Number		Equivalent		Number	Equivalent
	Average number ofemployees				45		36	34	29
	All staff are employed		by the charity.		No employees		earned	more than f60,000
	during the two years	ended 31March			2023.

Total minimum	payments	under operating	leases are:	2023	2022
Within one year				238,424	176,418
Within 2- 5 years				300,850	222,222
				539,274	398,640

12	Fixed Assets	Freehold ~Pro e	~Pro ertI~	~Ct E~t	~Ct E~t	Fixtures &~Fitt'	T t&
	COST:
	As at 1 April 2022	720,166	641,688	22,085		1,925	1,385,864
	Additions		3,064		980	1,558	5,602
	As at 31March 2023	720,166	644,752	23,065		3,483	1,391,466
	DEPRECIATION:
	As at 1 April 2022			20,352		1,924	22,276
	Charge for the year			2,058		390	2,448
	As at 31March 2023			22,410		2,314	24,724
	NET BOOKVALUE:
	As at 31March 2023	720,166	644,752		655	1,169	1,366,742
	As at 31March 2022	720,166	641,688	1,732		1	1,363,588
13	Debtors					2023	2022
	Rents receivable					81,475	49,817
	Sundry debtors &prepayments					32,182	26,466
						113,657	76,283
14	Creditors: Amounts	falling due within one year				2023	2022
	Sundry creditors &accruals					72,576	37,560
	Loans &mortgages					12,686	19,399
						85,262	56,959
15	Creditors: Amounts	falling due after one year				2023	2022
	Loans &mortgages					476,028	489,175
						476,028	489,175
16	Secured Debts

17	Movements in Funds	0~1-A	~l'	~Ot		31-Mar
		2022	Resources	Resources	Transfers	2023
	Unrestricted Funds
	General Fund	133,217	1,349,965	(1,234,093)	364,565	613,654
	Designated Property	853,279	-	-	(364,565)	488,714
	Restricted Funds
	Restricted Funds		105,250	(105,250)
	TOTAL FUNDS	986,496	1,455,215	(1,339,343)	-	1,102,368

ncome:	ncome:
Housing benefits, rents dt comttusstonmg		1,340,584	1,052,314
Other income		114,593	19,816
Bank interest		38	1
		1,455815	1,072,131
Expenditure: Wages Tfsllllng		648,784 4,699	583,026 3,268
Advertising		709	1,682
Rates		26,301	15,251
Light 4t heat Insurance		68,989 16,839	62,209 12,591
Repairs 4t renewals Fixtures 8r, equipment	consumables	153,375	74,550 2,268
Household expenses		14,048	2,294
Activity Rent		31,490 269,987	18,399 175,398
Telephone		12,172	10,656
IT I'c Computer expenses Audit / Independent Examiners		17,590 5,244	3,600
Printing, postage gt stationery Miscellaneous		8,433 1,650	7,405 9,675
Bank charges Professional fees		766 26,448	636 23,126
Travel		2,476	2,898
Mortgage 4t loan interest charges Depreciation		26,895 2,448	19,963 5,232
		1@39@43	1,034,127
Net Income for the	Year	115i$72	3$,004
Fund Balance Brought Forward		986,496	94$,492
Transfers
Fund Balance Carried Forvrard		1,102,368986,496